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Regions Bank Announces Disaster-Recovery Financial Services Following Hurricane Delta

Regions Bank Announces Disaster-Recovery Financial Services Following Hurricane Delta

Deferred payments and additional offers available as recovery moves forward.

Regions Bank on Tuesday announced a series of financial services, including payment extensions and the waiving of certain fees, to help people and businesses in portions of Louisiana1 that were impacted by Hurricane Delta.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005061/en/

Regions Bank is ready to serve people and businesses in southern Louisiana that have been impacted by Hurricane Delta. (Photo: Business Wire)

“In addition to the services we’re announcing today, Regions Bank is ready to offer financial advice and guidance based on our experience with disaster recovery,” said Steve Nivet, regional consumer banking executive for Regions Bank. “We encourage clients to visit our branches, consult Regions.com or give us a call to let us know about your individual needs. We have worked with clients through many natural disasters, including Hurricanes Laura and Sally. And we are here – ready to serve – as we recover from Hurricane Delta together.”

Disaster-recovery financial services available for a limited time in impacted areas1 include:

  • No check-cashing fee will be assessed for FEMA-issued checks cashed at Regions branches in impacted areas.2

  • Regions will waive or refund fees charged by non-Regions ATMs for bank clients in impacted areas for 15 days beginning Tuesday, Oct. 13.3

  • Regions will waive ATM surcharge fees for non-Regions clients using the bank’s ATMs in impacted areas for 15 days beginning Tuesday, Oct. 13.4

  • One penalty-free CD withdrawal is available.5

  • A 0.50% interest rate discount is available on new personal unsecured loans.6

  • Payment extensions are available for current credit card holders. People in affected areas can contact Regions to discuss individual needs.7

  • Regions Mortgage Disaster Relief purchase and renovation loan programs are available.

  • Business loan payment deferrals will

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Regions Financial (RF) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Regions Financial (RF) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

The market expects Regions Financial (RF) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2020. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 20. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management’s discussion of business conditions on the earnings call, it’s worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This holding company for Regions Bank is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -12.8%.

Revenues are expected to be $1.50 billion, up 0.2% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 5.21% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company’s earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate

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Regions Financial Should Beat Earnings Consensus

Regions Financial Should Beat Earnings Consensus

Regions Financial (NYSE: RF), an Alabama-based bank with $144 billion in assets, is expected to have a much better third quarter than it did last quarter when the bank reported a $237 million loss, or negative $0.25 in earnings per share (EPS). The average estimate among 23 analysts for Regions’ Q3 earnings report (expected on Oct. 20), according to Yahoo! Finance, is $0.32 EPS. The consensus on Zacks Investment Research is $0.33 EPS among 11 analysts.

But I think this regional banking operation will be able to generate earnings toward the higher end of what analysts are projecting. Why? Because management has expressed confidence in its ability to continue paying its normal dividend. To do that under current regulations, it would have to do better than a $0.33 EPS.

Let me explain.

Stone and brick facade of a building with the word BANK on it

Image source: Getty Images.

The dividend calculation

Like it did in the third quarter, the Federal Reserve has capped dividends for larger banks to the average net income of the trailing four quarters. That means the bank’s ability to pay its normal dividend is heavily dependent on earnings.

Last quarter, Regions paid out a common dividend of roughly $149 million to shareholders ($0.155 per-share dividend times 960 million shares) and preferred dividends of $23 million, for a total quarterly dividend payment of $172 million. So, to cover this, the bank must have a trailing four-quarter average net income of $172 million or higher.

Quarter Net Income
Fourth-quarter 2019 $389 million
First-quarter 2020 $162 million
Second-quarter 2020 ($214 million)
Third-quarter 2020 (projected) $350 million
Average net income $171.75 million

Source: Regions Earnings Statements

Regions would have to generate roughly $350 million in net income to cover both the preferred and common dividends it paid in the second quarter, assuming outstanding shares stay the same at 960 million. The

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Global B2B Telecommunication Market Segmentation and Analysis by Recent Trends, Development Trends and Growth Rate by Regions to 2026

Global B2B Telecommunication Market Segmentation and Analysis by Recent Trends, Development Trends and Growth Rate by Regions to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (The Expresswire) —
This report aims to estimate the Global “B2B Telecommunication Market” for 2020 and to project the expected demand of the same by 2026. This market research study provides a detailed qualitative and quantitative analysis of the Global B2B Telecommunication Market Size. It provides a comprehensive review of major drivers and restraints of the market.

The report can help to understand the B2B Telecommunication market share and strategize for business expansion accordingly. In the strategy analysis, it gives insights from marketing channel and market positioning to potential B2B Telecommunication market growth strategies, providing in-depth analysis for new entrants or exists competitors in the B2B Telecommunication industry.

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B2B Telecommunication Market report Provide Operational and planned Infrastructure, trade analysis and competition across multiple countries for each segment across the value chain is analysed. Our proprietary databases use cultured B2B Telecommunication market forecast modelling method to provide comprehensive and reliable analysis for your decision-making needs.

The report focuses on the top players in terms of profiles, product analysis, sales, price, revenue, and gross margin.

Major players covered in this report:

● Sprint Corporation (Soft Bank Group Corporation) ● NTT Communications Corporation ● ATandT ● Deutsche Telekom AG ● Telefonica SA ● Orange SA ● Verizon Communications ● Vodafone Group PLC ● Telstra Corporation Limited ● China Mobile Limited

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On the basis of types, B2B Telecommunication Market is primarily split into:

● Unified and Collaboration Communication ● VoIP Communication ● WAN Communication ● Cloud Communication ● M2M Communication ● Hosting/fixed broadband ● IOT

On the basis of applications B2B Telecommunication market is primarily split

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Aircraft Oxygen Systems Market 2026 Top Companies, Share, Regional Growth Overview and Growth Factors Details by Regions, Types and Applications

Aircraft Oxygen Systems Market 2026 Top Companies, Share, Regional Growth Overview and Growth Factors Details by Regions, Types and Applications

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry”

Global “Aircraft Oxygen Systems Market” research report includes analysis ofmajor raw materials suppliers, manufacturing equipment suppliers, top key playersof the Aircraft Oxygen Systems industry, market share, size, key consumers, and supply chain relationship.Several important areas are covered in this Aircraft Oxygen Systems market research report.

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Top Key Manufacturers in Aircraft Oxygen Systems Market:

● B/E Aerospace ● Zodiac Aerospace ● Cobham ● Air Liquide ● Technodinamika ● Aviation Oxygen System ● BASA Aviation ● Aeromedix ● Precise Flight ● Ventura Aerospace ● SKYbrary Aviation

Aircraft Oxygen Systems Market report includes the regions, market conditions with the product price, capacity, production, supply, profit, demand and market growth factorand forecast etc. The research report market report also Present newproject SWOT analysis,investment feasibility analysis, andinvestment return analysis.

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Aircraft Oxygen Systems Market Size by Types:

● Passenger Oxygen System ● Crew Oxygen System

Aircraft Oxygen Systems Market Size by Applications:

● Military Aircraft ● Civil Aviation Aircraft ● Other

Some of the Key Questions Answered in this Report:

● Aircraft Oxygen Systems market report provides comprehensive analysis of the market with the help of up-to-date market opportunities, overview, outlook, challenges, trends, market dynamics, size and growth, competitive analysis, major competitors analysis. ● Report recognizes the key drivers of growth and challenges of the key industry players. Also, evaluates the future impact of the propellants and limits on the market. ● Uncovers potential demands in the Aircraft Oxygen Systems market. ● Aircraft Oxygen Systems market report provides in-depth analysis for changing

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